-
RBS boss Stephen Hester was awarded £1m bonus (on top of his £1.2m salary) for failure at the 82% tax payer state owned bank.
Meanwhile British Prime Minister David Cameron punished taxpayers by increasing VAT by 2.5% for a crisis caused by the greedy bankers.
Both men hope that the British public will just ‘shut up and put up’ with the situation. It is time people rose up and shouted ‘enough is enough’ - We are the 99% and we are sick of the 1% stealing all the wealth!
-
You could try, as you say, to put it on VAT, sales tax, but again if you look at the effect of sales tax, it’s very regressive, it hits the poorest the hardest. It does, I absolutely promise you. Any sales tax, anything that goes on purchases that you make in shops tends to … if you look at it, where VAT goes now it doesn’t go on food obviously but it goes very, very widely and VAT is a more regressive tax than income tax or council tax.
Tory party leader, David Cameron.
Random posts and thoughts from the weird and wonderful world of robmacca!
